HSINCHU, July 8 /Xinhua-PRNewswire/ -- AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announced its June 2008 revenue with preliminary consolidated and unconsolidated basis of NT$36,724 million and NT$36,388 million respectively. It represented 17.2% and 17.1% sequential decrease, and 5.7% and 6.4% year-over-year decrease. This weaker than expected June sales was owing to the cautious inventory control for semi-annual results by customers as well as the anticipation of uncertain seasonal demand under current macro environment.
Shipments of large-sized panels(a) used in desktop monitors, notebook PCs, LCD TVs and other applications for June 2008 totaled 6.7 million units, decreased by 12.9% sequentially. Small-and-medium-sized panel shipments totaled 13.5 million units, a 2.7% month-over-month decrease.
In the second quarter of 2008, AUO’s unaudited consolidated and unconsolidated revenues totaled NT$123,464 million and NT$122,373 million. It represented year-over-year growth of 16.5% and 15.5%, but quarter-over-quarter decrease of 9.6% and 10.2%. The decline was due to the lower-than-expected shipment and ASP in both IT and TV panels.
Large-sized panel shipments for the second quarter of 2008 were 21.8 million, a mild 0.9% Q-o-Q decrease but 12% Y-o-Y increase. Small- and medium-sized panel shipments for the second quarter of 2008 totaled 41.9 million units, representing 11.1% Q-o-Q increase and 29.9% Y-o-Y increase.
AUO will consistently manage its inventory at reasonable level and adjust its loading rate based on the market demand.
(a) Large size refers to panels that are 10 inches and above in diagonal
measurement while small and medium size refers to those below 10
inches
Sales Report:(Unit: NT$ million)
Net Sales(1) (2) Consolidated(3) Unconsolidated
June 2008 36,724 36,388
May 2008 44,339 43,914
M-o-M Growth (17.2%) (17.1%)
June 2007 38,955 38,881
Y-o-Y Growth (5.7%) (6.4%)
Jan to Jun 2008 260,093 258,612
Jan to Jun 2007 186,729 186,623
Y-o-Y Growth 39.3% 38.6%
(1) All figures are prepared in accordance with generally accepted
accounting principles in Taiwan.
(2) Monthly figures are unaudited, prepared by AU Optronics Corp.
(3) Consolidated numbers include AU Optronics Corp., AU Optronics (L)
Corporation, AU Optronics (Suzhou) Corporation, AU Optronics (Shanghai)
Corporation, Tech - Well (Shanghai) Display Co., AU Optronics (Xiamen)
Corp., Darwin Precisions (L) Corp., Toppan CFI (Taiwan) Co, Ltd. and
AU Optronics (Czech) s.r.o.
About AU Optronics
AU Optronics Corp. (“AUO”) is the world’s 2nd largest manufacturer* of large-sized thin film transistor liquid crystal display panels (“TFT-LCD”), with approximately 20%* of global market share in Q1/2008 and revenues of NT$480.2 billion (US$14.81billion)* in 2007. TFT-LCD technology is currently the most widely used flat panel display technology. Targeted for 40”+ sized LCD TV panels, AUO’s new generation (7.5-generation) fabrication facility production started mass production in the fourth quarter of 2006. The Company currently operates one 7.5-generation, two 6th-generation, four 5th-generation, one 4th-generation, and four 3.5-generation TFT-LCD fabs, in addition to eight module assembly facilities and the AUO Technology Center specializes in new technology platform and new product development. AUO is one of few top-tier TFT-LCD manufacturers capable of offering a wide range of small- to large-sized (1.5”-65”) TFT-LCD panels, which enables it to offer a broad and diversified product portfolio.
* DisplaySearch 1Q2008 WW Large-Area TFT-LCD Shipment Report dated Apr 24,
2008. This data is used as reference only and AUO does not make any
endorsement or representation in connection therewith. 2007 year end
revenue converted by an exchange rate of NTD32.43:USD1.
